5. Net change in fair value of investments held at fair value through profit or loss


Quoted Companies £000 Unquoted Companies £000 Total
£000
At 1 August 2007 12,083 26,461 38,544
     
Gains on the revaluation of investments - 3,915 3,915
Losses on the revaluation of investments (3,873) (3,031) (6,904)
Fair value (losses) / gains (3,873) 884 (2,989)
     
Investments during the period - 6,357 6,357
Proceeds from the sale on investments (3,363) (43) (3,406)
Net investments / (net proceeds from disposals) (3,363) 6,314 2,951
       
At 31 July 2008 4,847 33,659 38,506


Quoted Companies £000 Unquoted Companies £000 Total
£000
At 1 August 2008 4,847 33,659 38,506
       
Gains on the revaluation of investments 559 11,421 11,980
Losses on the revaluation of investments (84) (5,023) (5,107)
Fair value gains 475 6,398 6,873
     
Investments during the period 14,427 14,427
Provisions utilised in the period 69 - 69
Proceeds from the sale on investments - (9,804) (9,804)
Net investments 69 4,623 4,692
Net investments 69 4,623 4,692
       
At 31 July 2009 5,391 44,680 50,071


Net change in fair value for the period represents the changes in fair value (disclosed in note 3) less the revenue share charge on these fair value movements (disclosed in note 4). Net change in fair value of investments of £6,960,000 as set out on the face of the Income Statement represents the change in net fair value of £6,873,000 (above table) plus £87,000 to reflect final adjustments on realisations before revenue share with third parties as summarised below.


2009 £000 2008
£000
Net fair value gain / (losses) on portfolio 6,873 (2,989)
Changes in fair value realised during the period 87 -
Net fair value movement recognised in consolidated income statement 6,960 (2,989)